Agreement Signed for Additional Brine Water Supply
Iofina plc has secured a new brine water supply agreement for its IO#11 plant in Central Oklahoma, which commenced operations in July 2025. This agreement, expected to increase crystalline iodine production by 45 to 65 metric tonnes annually and boost IO#11's production by approximately 50%, involves an investment of US$1.5 million funded by the company, with a rapid payback anticipated. The project, which includes pipeline construction and brine return, is projected for completion in Q3 2026, enhancing the long-term production profile of the facility.
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Iofina plc (AIM: IOF), specialists in the exploration and production of iodine and manufacturers of specialty chemical products, is pleased to announce that it has signed an agreement with a new brine water supply partner to provide additional brine water to its IOsorb® plant, IO#11 ("the Project"), located in Central Oklahoma, which became operational in July 2025.
As a result of this agreement, the plant will be serviced by two independent brine supply partners. The existing facility has sufficient installed capacity to process the additional brine volumes and extract iodine from the new source. The additional brine water is expected to increase crystalline iodine production between 45 and 65 metric tonnes annually at this site once fully operational.
Under the terms of the agreement, Iofina will work with the new partner to construct a pipeline system to transport the brine water to IO#11 and return the brine without iodine back to their disposal site. The financing of the Project will be approximately US$1.5 million and will be fully funded by the Company, as the Group anticipates a rapid payback on this investment. This investment will increase annual production at IO#11 by approximately 50%. Construction for the Project will mostly be managed by our new partner, with preliminary expectations to be completed in Q3 2026.
The Board believes this agreement represents a highly efficient growth opportunity that leverages existing assets and infrastructure while enhancing the long-term production profile of the Central Oklahoma facility.
President and CEO, Dr. Tom Becker, commented:
"We are pleased to announce this new agreement, which increases the production potential of our most recently opened plant, IO#11, in Central Oklahoma. By adding an additional brine water source to an existing facility with available capacity, we will be able to deliver incremental iodine production. Iofina is optimising production at IO#11 concurrently with the construction of our first plant in the Permian Basin. We remain committed to maximising value from our current operating footprint, as well as achieving substantial new iodine production growth."
Iofina Resources
Iofina Chemical
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